Change - Announcement of Cessation::Announcement of Cessation of Independent Director

Issuer & Securities

Issuer/ Manager
UE E&C LTD.
Securities
UE E&C LTD. - SG2C88967436 - NI3
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
29-Jan-2015 18:18:10
Status
New
Announcement Sub Title
Announcement of Cessation of Independent Director
Announcement Reference
SG150129OTHR3X42
Submitted By (Co./ Ind. Name)
Tan Ching Chek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Cessation of Independent Director, Mr Norman Ip Ka Cheung

Additional Details

Name Of Person
Norman Ip Ka Cheung
Age
62
Is effective date of cessation known?
Yes
If yes, please provide the date
29/01/2015
Detailed Reason (s) for cessation
Mr Norman Ip Ka Cheung stepped down as the Independent Director following the close of the Voluntary Unconditional Offer by DMG & Partners Securities Pte. Ltd., for and on behalf of Universal EC Investments Pte. Ltd. (the Offeror), for all the issued and paid-up ordinary shares in the capital of the Company, other than those already owned, controlled or agreed to be acquired by the Offeror, its related corporations and their respective nominees.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of Appointment to current position
22/12/2010
Does the AC have a minimum of 3 members (taking into account this cessation)?
No
Number of Independent Directors currently resident in Singapore (taking into account this cessation)
3
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months
6
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director
Role and responsibilities
Mr Norman Ip Ka Cheung is an Independent Director. He is also the Chairman of the Audit & Risk Committee and a member of the Nominating and Remuneration Committees.
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Directorships
Past (for the last 5 years)
Malaysia Smelting Corporation Berhad
Present
1) United Engineers Limited
2) Great Eastern Holdings Limited and its subsidiaries
3) AIMS AMP Capital Industrial REIT Management Limited
4) BCA Board